New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-17
BANKING IND RLNANCIAL,
a. K. ENOs Z q BUCk
H.K ENos & co.
BANKERS AND BROKERS',
II WALL STREET.
ADJOINING STOCK EXCHANGE
Branch OG1cs 857 5th-ave, corner 62dSt
THE PETROLEUM MARKET

NEWS FROM THE FIELD AND RANGE OF PRICES.
decline Washington field. the last great oil pool
that proved bearsh factor In speculation has made
progress that district ought be dismissed from
consideration 1t evident from study OF Its recent his
tory that while temporary additions be made occasionally
yield the general tendency Of Its output will be to
shrink. The production Of this pool reached
10000 barrels in September the number Of producing wells
being seventythree The highest yield well
tolched August, when the figures 270 barrels
The daily average total yield for September was
1913 barrels; last months average from this
pool only ss4l barrels day The well
has steadily declining since the middle Of September
The gauge OF sstorday september ~ WAS l776s barrel:
saturday wa, 6se4 barrels from 27 wells average
. Hn their Sow There are ss Wells rns Wash
ni S% wells on1 Doa Up
but clear from tho nGures we above that the
the loss accustomed BY the decline in the earlier wells
every o"s Ss % PIN !,s
the son ' ne aesan
Fields which svelsd the stocks barrels in about
We'll and The Thorn Tssl district the ne.
that, i SyI !" ali the dSsr pools
from esember 81 ss5 Of 4oi.5;s barrels nom December
marx in August Of that year 200 barrels while
the ~ npc ep .s the and
toren eonsa@po hs. had practically annterrp sD,e
multiplied and there can be reasonable doubt that 1881 will
o sos.ncs Of new e wnat will be the inevitable result
2. regards stocEs WasGngton has lost s bead and sen
Of about $500 barrels oc!oser aay average as shpTs
doing We. Il It sustain. even that low rate Tor any
now a as %,s s ss
BY the sackenng Of DEVELOPMENT and prospecting work at
S. list a Sa ss Wells sSS
% S n%f and
::a @ "%' &c. sS.s 4. %: g.:
return. moving same rate OF redcOp .iost From
daily average OF 80 G6 barrels in December 1886 i2sS
barrel, the average Of the whole os6 barrels for
barrels Day ,gsn;ta daily average barrels for last
res in January 1850 The daily deliveries
u9s this month l2eo9 barrels, against sI(es, Of
s.. cents. lols barrel. January. iss5 when
from January to are as iooWs Inquiries A'' '"'
Run. Deliveries; Excess tely's. Charters:
A Sn per SV day t SSis sSOss 1890 si.s
In the snt Of ts facts Of the statistical situation only
q the conservative members OF the OIL trade bulh
stuaton early part OF 1885 to-day The 1884
H G SrTy By dT the 9 e les Of oil
these districts longer factors and heavy decline
Ca9oOs sadc alter many hats and S se starts gradually
10 yaa tho OF 9S posI s over at
ssd. Today have Thorn SSssE psrsics By
has Collapsed Ahead Of the trade les the pros
f Ou, ne% po the check s'R ias
Production Prices are on basis at which mining oil un
there danger dr unless specu
laOn should values to eXtravagant figures II
Irresistible conclusion that barring accidents values
finally the mprov field and pros
poets Last weeks speculation moderately Que
tendency wider toward the close
Fluctuations were ware enough 10 please the trading In.
sinct than hell the gain OF the previous
Dulpess prevailed carry. vii the speculation easy at
II kd72n07l cents On Friday th ~ large sales by
specuator who hal become with the weight
OF charges and the rush of traders like nocx OF
sheep carried quickly IL ~ to 6e The
IL NAH cents easily accomplished as the
break The only significant feature 10 that tho
the actions Ia OF excellent character and that
little long oil is held by hands
OF Importance The market closed In good
shape
prices the total dealings National Transit
certificates tho Consolidated stock and Petroleum EX
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